Telephone: (352) 392-1845 Ext. 404 |
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Our discussion of dynamic decision rules will focus on the value of information and stochastic optimal control. As a starting point, we will discuss the value of information without risk aversion with some discussion of Bayesian decision making. Our discussion of the value of information will then provide an introduction to stochastic dynamic programming which will lead into a discussion of stochastic optimal control.
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